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ID: 29334
Title: New Century woes grow (Reuters)
Description:

An auctioneer and a bidder (L) discuss a foreclosed home in Newton, Massachusetts as local residents (R) walk past March 19, 2007. (Brian Snyder/Reuters)Reuters - New Century Financial Corp., once the largest independent provider of subprime mortgages, was dealt a fresh setback on Tuesday when Fannie Mae said it would no longer buy its loans made to borrowers with poor credit, while another big subprime lender filed for bankruptcy.


Category: Business/
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Date Added: March 20, 2007 08:48:02 PM
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